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Investegate |Coca-Cola HBC AG Announcements | Coca-Cola HBC AG: CCH takes minority stake in Caff Vergnano


Casa del Caffè Vergnano and exclusive, long-term distribution agreement
 
 
Zug, Switzerland, 28 June 2021.
Coca-Cola HBC AG ( Coca-Cola HBC ) is pleased to announce that on 25 June 2021, its wholly-owned subsidiary CC Beverages Holdings II B.V. ( CCH Holdings ), reached an agreement to acquire a 30% equity shareholding in Casa Del Caffè Vergnano S.p.A. ( Caffè Vergnano ), a premium Italian coffee company. Completion of the acquisition is expected in the second half of 2021 and is subject to customary closing conditions and regulatory approvals. Furthermore, Coca-Cola HBC and Caffè Vergnano will enter into an exclusive distribution agreement for Caffè Vergnano s products in Coca-Cola HBC s territories outside of Italy (together, the Proposed Transaction ). CCH Holdings will be represented on the Board of Directors of Caffè Vergnano and have customary minority decision-making and governance rights. The parties have agreed not to d ....

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